Cargo transportation by North-Western Shipping Company down 8% to 1.42 mln t in QI'14

In January-March 2014, North-Western Shipping Company carried 1.42 mln t of cargo (-8%, year-on-year), press center of NWSC says.

Export volumes totaled 0.6 mln t (-6%), import – 0.09 mln t (-7%), transportation between foreign ports – 0.73 mln t (-1%). 
   
Despite the decline of total volumes, the company’s fleet operated with higher efficiency as compared with the first quarter of 2013, the statement says. This was achieved mainly due to transportation of high-rate cargoes (grain, fertilizers, ferrous metal) by the company’s new vessels.  

10 vessels of project DCV36 Amethyst and 7 vessels of project RSD49 Neva-Leader carried 0.43 mln t of cargo (30% of the total volume). The company’s freight revenue climbed by 40% to RUB 1.4 bln.

In the reported period, grain transportation increased by 13% to 0.35 mln t, chemical and mineral fertilizers – by 15% to 0.39 mln t.

North-Western Shipping Company is the largest carrier in the Russian system of waterways, specializing on the export-import shipping of bulk, general and project cargoes, towages of oversized cargo and craft. The company operates over 60  sea-and-river going vessels with total deadweight of about 360,000 t. The company transports over 6 mln t per year. Average age of NWSC fleet is 14 years. 

North-Western Shipping Company forms part of VBTH — a shipping division of the international transport group UCL Holding (a majority shareholder of VBTH) that consolidates a great number of Russian shipping, railway, stevedore and logistics companies.